SG Americas Securities LLC Buys Shares of 433 National Western Life Group, Inc. (NASDAQ:NWLI)

SG Americas Securities LLC purchased a new stake in National Western Life Group, Inc. (NASDAQ:NWLI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 433 shares of the financial services provider’s stock, valued at approximately $209,000.

A number of other institutional investors have also recently made changes to their positions in NWLI. American Century Companies Inc. lifted its stake in National Western Life Group by 3.1% in the third quarter. American Century Companies Inc. now owns 15,076 shares of the financial services provider’s stock worth $6,596,000 after purchasing an additional 451 shares during the last quarter. Deutsche Bank AG lifted its stake in National Western Life Group by 16.9% in the third quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 159 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in National Western Life Group by 50.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,323 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 444 shares during the last quarter. Royal Bank of Canada lifted its stake in National Western Life Group by 0.8% in the third quarter. Royal Bank of Canada now owns 3,657 shares of the financial services provider’s stock worth $1,600,000 after purchasing an additional 30 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in National Western Life Group by 13.1% in the third quarter. Legal & General Group Plc now owns 2,053 shares of the financial services provider’s stock worth $898,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 81.57% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of National Western Life Group in a research note on Friday. They issued a “hold” rating for the company.

National Western Life Group Price Performance

Shares of NASDAQ NWLI opened at $491.02 on Friday. The company has a market cap of $1.79 billion, a P/E ratio of 18.39 and a beta of 0.71. National Western Life Group, Inc. has a 1 year low of $226.62 and a 1 year high of $493.00. The firm has a 50-day simple moving average of $487.19 and a two-hundred day simple moving average of $480.05.

National Western Life Group (NASDAQ:NWLI) last issued its earnings results on Thursday, February 29th. The financial services provider reported ($3.46) EPS for the quarter. The company had revenue of $207.87 million for the quarter. National Western Life Group had a return on equity of 3.96% and a net margin of 13.05%.

National Western Life Group Profile

National Western Life Group, Inc, through its subsidiary, National Western Life Insurance Company, operates as a stock life insurance company in the United States, Brazil, Taiwan, Peru, Venezuela, Colombia, and internationally. It operates through Domestic Life Insurance, International Life Insurance, Annuities, and ONL and Affiliates segments.